ALBA 2007 – 1 plc - Irish Stock Exchange

sanctioned by an Extraordinary Resolution of each of the A1 Noteholders, the A2 Noteholders and the
A3 Noteholders. Other than in respect of Basic Terms Modifications, the Trust Deed imposes no such
limitations on the powers of the A Noteholders, the exercise of which will be binding on the B
Noteholders, the C Noteholders, the D Noteholders, the E Noteholders, the F Noteholders and the
Instrumentholders, irrespective of the effect on their interests.
An Extraordinary Resolution of the C Noteholders shall be effective when, inter alia, the Trustee is of
the opinion that it will not be materially prejudicial to the interests of the A Noteholders and the B
Noteholders or it is sanctioned by an Extraordinary Resolution of the A1 Noteholders, the A2
Noteholders, the A3 Noteholders and the B Noteholders. Other than in respect of Basic Terms
Modifications, the Trust Deed imposes no such limitations on the powers of the B Noteholders, the
exercise of which will be binding on the C Noteholders, the D Noteholders, the E Noteholders, the F
Noteholders and the Instrumentholders, irrespective of the effect on their interests.
An Extraordinary Resolution of the D Noteholders shall be effective when, inter alia, the Trustee is of
the opinion that it will not be materially prejudicial to the interests of the A Noteholders, the B
Noteholders or the C Noteholders or it is sanctioned by an Extraordinary Resolution of the A1
Noteholders, the A2 Noteholders, the A3 Noteholders, the B Noteholders and the C Noteholders.
Other than in respect of Basic Terms Modifications, the Trust Deed imposes no such limitations on the
powers of the C Noteholders, the exercise of which will be binding on the D Noteholders, the E
Noteholders, the F Noteholders and the Instrumentholders irrespective of their interests.
An Extraordinary Resolution of the E Noteholders shall be effective when, inter alia, the Trustee is of
the opinion that it will not be materially prejudicial to the interests of the A Noteholders, the B
Noteholders, the C Noteholders or the D Noteholders or it is sanctioned by an Extraordinary Resolution
of the A1 Noteholders, the A2 Noteholders, the A3 Noteholders, the B Noteholders, the C Noteholders
and the D Noteholders. Other than in respect of Basic Terms Modifications, the Trust Deed imposes
no such limitations on the powers of the D Noteholders, the exercise of which will be binding on the E
Noteholders, the F Noteholders and the Instrumentholders, irrespective of their interests.
An Extraordinary Resolution of the F Noteholders shall be effective when, inter alia, the Trustee is of
the opinion that it will not be materially prejudicial to the interests of the A Noteholders, the B
Noteholders, the C Noteholders, the D Noteholders or the E Noteholders or is sanctioned by an
Extraordinary Resolution of the A1 Noteholders, the A2 Noteholders, the A3 Noteholders, the B
Noteholders, the C Noteholders, the D Noteholders and the E Noteholders. Other than in respect of
Basic Terms Modifications, the Trust Deed imposes no such limitations on the powers of the E
Noteholders, the exercise of which will be binding on the F Noteholders and the Instrumentholders,
irrespective of their interests.
Any resolution or direction of any class of Noteholders or Instrumentholders that would have the effect
of modifying or waiving any provision of any of the Priorities of Payments shall not be effective unless
it has been sanctioned by an Extraordinary Resolution of each class of Instrumentholders (such right of
each class of Instrumentholders, the "Instrumentholder Entrenched Rights").
An Extraordinary Resolution passed at any meeting of the Noteholders of any class of Notes shall be
binding on all Noteholders of the relevant class, whether or not they are present at the meeting. The
majority required for an Extraordinary Resolution, including the sanctioning of a Basic Terms
Modification, shall be not less than 75 per cent. of the votes cast on that Extraordinary Resolution.
Subject to the succeeding paragraph, the Trustee may agree, without the consent of the Noteholders of
any class, (a) to any modification (except a Basic Terms Modification) of, or to the waiver or